5 Stocks Underperforming Today In The Electronics Industry

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 6 points (0.0%) at 14,695 as of Friday, April 26, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 953 issues advancing vs. 1,941 declining with 134 unchanged.

The Electronics industry currently sits down 0.47 versus the S&P 500, which is down 0.43. On the negative front, top decliners within the industry include Itron ( ITRI), down 10.48, KLA-Tencor Corporation ( KLAC), down 7.78, Maxim Integrated Products ( MXIM), down 7.62, Advantest ( ATE), down 6.56 and Trimble Navigation ( TRMB), down 2.06. A company within the industry that increased today was Kyocera Corporation ( KYO), up 1.55.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Altera ( ALTR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Altera is down $1.83 (-5.6%) to $31.10 on heavy volume Thus far, 4.5 million shares of Altera exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $30.88-$32.30 after having opened the day at $31.81 as compared to the previous trading day's close of $32.93.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.1 billion and is part of the technology sector. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

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4. As of noon trading, ASML ( ASML) is down $0.64 (-0.9%) to $73.54 on average volume Thus far, 1.2 million shares of ASML exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $73.00-$74.02 after having opened the day at $73.77 as compared to the previous trading day's close of $74.18.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $29.9 billion and is part of the technology sector. Shares are up 14.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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3. As of noon trading, Agilent Technologies ( A) is down $1.94 (-4.5%) to $40.79 on average volume Thus far, 1.9 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $40.79-$42.57 after having opened the day at $42.44 as compared to the previous trading day's close of $42.73.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $14.9 billion and is part of the health care sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agilent Technologies Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is down $0.17 (-0.9%) to $18.52 on light volume Thus far, 3.4 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $18.49-$18.81 after having opened the day at $18.70 as compared to the previous trading day's close of $18.69.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $95.6 billion and is part of the technology sector. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Intel ( INTC) is down $0.13 (-0.6%) to $23.25 on average volume Thus far, 20.2 million shares of Intel exchanged hands as compared to its average daily volume of 43.1 million shares. The stock has ranged in price between $23.14-$23.37 after having opened the day at $23.31 as compared to the previous trading day's close of $23.38.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $117.1 billion and is part of the technology sector. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are up 14.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel Ratings Report now.

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If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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